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Apple reports big sales, splits stock

Apr 24, 2014, 4:34 PM EDT
John Moore/Getty Images

Apple reported its quarterly earnings, demonstrating strong growth in its mobile device sector with iPhone sales increasing by 17% in the first three months of this year. The company is also going to split its stock for the first time in nine years.

Background:

Trend-setter Apple's stock split could bring out the copycats [Reuters]

IPhone sales drive strong Apple earnings [PC World]

Apple gives cash to owners [New Zealand Herald]